Northwire Canada EditionThursday, October 15, 2026
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M&A / Property

Gencan enters deal for RTO by Ubercrete Advanced

By The Northwire Desk — AI Analysis Mar 17, 2026 · 17:35 GCA Gencan Capital Inc
GCA · Price

Executive Summary

  • Gencan Capital Inc. has entered into a letter agreement with Ubercrete Advanced Materials Inc. to propose a business combination resulting in a reverse takeover of Gencan by Ubercrete.
  • The transaction is expected to be completed via amalgamation, arrangement, or share exchange, with the resulting entity listed on the Canadian Securities Exchange (CSE).
  • Ubercrete intends to raise up to $5 million in a concurrent private placement offering at $0.25 per share.

Key Details

  • Transaction Structure: The combination will result in Gencan becoming the holding company of Ubercrete. Ubercrete security holders will receive common shares of the resulting issuer.
  • Listing: The resulting issuer's shares are proposed to be listed on the Canadian Securities Exchange (CSE).
  • Conditions Precedent: Completion is subject to:
    • Receipt of third-party consents and corporate/regulatory approvals.
    • Conditional approval of listing on the CSE.
    • Satisfactory due diligence.
    • Execution of a definitive agreement.
    • Representations and warranties remaining true and correct.
    • No material adverse change for either party.
  • Corporate Changes:
    • Gencan will change its name to a name determined by Ubercrete.
    • Outstanding shares will be consolidated on a 2:1 basis.
    • Securities of Ubercrete will be exchanged for securities of the resulting issuer on a one-for-one ratio.
    • All current directors and officers will be replaced by Ubercrete nominees upon closing.
    • A new option plan may be adopted if deemed necessary by Ubercrete.
  • Financing: Ubercrete intends to complete a private placement of common shares for aggregate gross proceeds of up to $5 million.
  • Financing Price: The shares are priced at 25 cents per share (or such other amount as determined by the parties).
  • Final Terms: The final structure of the financing, including commissions and finders' fees, is subject to the definitive agreement and will be disclosed in subsequent releases.

Notable Quotes

  • No direct quotes from executives were included in the provided text.
Read the original news release →

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Mar 17, 2026 · 07:30

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M&A / Property Dec 23, 2025 · 07:30

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Financings